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You raise some great points. I would love to see an banking insider document regarding a true assessment of how they could compete with bitcoin. Or in other wor
by notyourwork 9y ago
You raise some great points. I would love to see an banking insider document regarding a true assessment of how they could compete with bitcoin. Or in other words, what is bitcoin missing that banks account for in overhead.
I want bitcoin to succeed as much as the next but I think a lot of people are naive and convinced its ready just because they can transfer btc from one party to another.
- taysic 9y agoFor one, you can't undo a transaction if you made a mistake. I.e. Put in a wrong amount or sent to an incorrect address. You can't call customer service if you don't see your transaction. I think those are big and come with trade offs. Some others are the huge volatility of the value id bitcoin ..